An E-85 gas pump in Northwest Indiana.

A local news station investigates high E-85 prices in the Chicago area.

CBS 2 News Chicago reports that motorists filling up with E-85 in the Chicago area might not be saving much money because stations are charging so much for the alternative fuel that it doesn’t make economic sense to use.

Reports CBS’ Mike Flannery in “Ethanol is cleaner than gas, but is it cheaper?“:

Ethanol producers collect billions of dollars in subsidies from American taxpayers each year, promising in exchange a home-grown, cleaner and cheaper fuel.

CBS 2 Political Editor Mike Flannery, though, finds that promise to be false, at least here in the Chicago area.

In Wednesday night’s Truth in Politics, he reports on prices in the city and suburbs that cheat consumers who buy E-85 ethanol fuel.

I have to commend Family Express for charging $2.99 / gallon for E-85 over the Memorial Day weekend since it saves consumers money while still letting the fuel dealers make money.

I need to fill up pretty soon, so I’ll probably be driving over to Family Express since their prices were a lot lower than the competition — I just hope it remains $1.00 or so below regular unleaded. I’ll have to check the Alt Fuels price board and the CBOT prices to see what a good price for E-85 should be.

Video: The Corn Con?

Technorati Tags: alternative fuels, E-85, E85 / Alt Fuels, E85 prices

Altfuelprices.com is showing Family Express is selling E85 for $2.99 / gallon. My wife saw the Family Express price on Friday — after I had filled up for about 50 cents more at Meijer — otherwise I would have cruised over to Winfield to fill up before the start of the holiday weekend at this excellent price.

If Family Express is still selling E85 for $2.99 at its Northwest Indiana stations, let me know. They have E85 pumps in Valparaiso, WInfield, Portage and Hobart, so keep an eye out if you’re driving by one of their stations.

Also, if Meijer and Gas City have lowered their E85 prices, let me know as well — and make sure to update the prices on AltFuelPrices.com.

Technorati Tags: alternative fuels, E85, E85 / Alt Fuels, E85 prices

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